Western Europe passenger car registrations fell 0.9 percent in February with demand falling in major markets like Italy and Spain as well as for volume brands including Fiat, Renault, Opel and Vauxhall.

Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won ($2.32 billion) over the next three years and to appoint group heir apparent Euisun Chung as chief executive.

Opel is cutting production at Ruesselsheim to 68,000 vehicles from 123,000 in 2018, Mainzer Allgemeine reported, citing company sources. The paper said the company's original target 2019 target was 90,000 vehicles.

The maker Opel and British Vauxhall branded cars blamed new emissions rules for the cull, but the carmaker has struggled to reach sustainable profitability after racking up more than a decade of losses selling low-margin cars under previous owner General Motors.

Battery models making their car-show debut in Paris this week, from PSA Group's electric DS3 Crossback to the Mercedes EQC, will erode profitability as they struggle to stay in the black, executives generally acknowledge

Some 60,000 Opel cars worldwide of model lines Cascada, Insignia and Zafira equipped with the latest Euro-6 emissions technology are affected by the issue, 10,000 of which are in Germany where Opel is based, Bild reported.

The accord includes "extensive" employment protection measures, unspecified investments in Germany and the replacement of employment commitments made under Opel's previous owner General Motors, it said.

PSA and Opel had already sounded automobile engineering firms over the last few months so that they can submit offers for four sections of the unit that are valued at about 500 million euros ($583 million) in total.

As per the suit filed, Royal Enfield has infringed Flash electronics’ patent on “Regulator Rectifier Device and Method for Regulating an Output Voltage of the Same” duly issued by the United States Patent & Trademark Office (USPTO) to Flash Electronics on February 20, 2018 after Flash’s R&D department made a breakthrough invention of the component in 2014.